Neckarsulm, 14 July 2017 – During Bechtle AG’s Annual General Meeting on 1 June 2017, it was agreed to increase share capital from company funds. This decision was recorded in the commercial register on 7 July. As a result, the company’s share capital will double to 42 million euros, consisting of 42 million no-par value shares.
Each Bechtle AG shareholder will receive one additional share, a so-called bonus share, for each share they currently own. The last trading day prior to the capital increase from company funds and the issuing of these bonus shares will presumably be 21 July. The new shares will be listed on the regulated market of the Frankfurt Stock Exchange from 24 July. The price of the Bechtle share will halve accordingly, without impacting the real value of total shares. The bonus shares will be distributed to shareholders by means of a custody account credit. No action is required on the part of shareholders. The new shares are considered as participating shares starting from the beginning of the current fiscal year, 2017.
The purpose of this move is to improve tradability of the securities on the stock market and to make it easier for a broader investing public to purchase shares initially or expand their current shareholdings.